What Will Better Technology Enable Producers to Do

question 14

Multiple Choice

What will better technology enable producers to do?

• A)economize on the use of resources
• B)reallocate resources toward the production of capital
• C)increase wages for low skilled workers
• D)rely less on entrepreneurs

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Definitions:

Operating Synergy

The cost reductions achieved by economies of scales produced by a merger or acquisition.

Economy-of-Scope Advantage

Benefits derived from the ability of a company to produce a variety of products together more efficiently than producing each one of them on its own.

Anticipated Synergies

The expected benefits, efficiencies, or savings generated through the combination or collaboration of different entities, projects, or processes.

Timeframe

A specified period during which certain events or activities are to take place or be completed.